Is Uber About to Take SoftBank for a Ride?
What to make of the rumor that SoftBank is interested in investing in Uber.
Read more...Author Archives: Yves Smith
John Helmer: Jared Kushner’s Testimonial to Stupidity and Unfitness – American and Russian
Why Jared Kunsher’s statements in Senate testimony demonstrate that he is unfit to play an official role.
Read more...Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills
Further discussion of why CalPERS’ latest Big Idea for private equity needs a Big Rethink.
Read more...CalPERS Board Uncomfortable With Staff’s “Fire, Aim, Ready” Plan to Create Unaccountable Private Equity Vehicle
CalPERS’ staff is trying to railroad the board with a not-very-well-thought out idea of an “independent” private equity venture.
Read more...Reminder: Please Join Our San Francisco Meeup This Tuesday, July 18
Calling all Bay Area readers: Hope you can stop by our meetup this Tuesday!
Read more...Please Come to Our Los Angeles Meetup This Saturday, July 15
If you live in the Los Angeles area, please stop by our meetup this Saturday afternoon.
Read more...Visa Trying to Bribe Merchants to Stop Taking Cash
The latest chapter in the War on Cash.
Read more...National Audit Office Warns of Brexit Customs IT Train Wreck….Nine Months After Naked Capitalism
Yet another big Brexit disaster in the making.
Read more...Monetary Sovereigns, Monetary Subjects: Modern Money & The Criminal Legal System
On the connection between money, and in particular monetary sovereignity, and the criminal justice system.
Read more...The Retirement Wealth Inequality Machine
A fine, high level description of the retirement problem in the US, coupled with a not-as-stellar remedy.
Read more...It Takes a Theory to Beat a Theory: The Adaptive Markets Hypothesis
Economist Andrew Lo presents his alternative to the Efficient Markets Hypothesis: the Adaptive Markets Hypothesis.
Read more...Wolf Richter: Cryptocurrencies Collapsed
Why “collapsed” is not too strong a word to describe the recent price action for currency wannabes.
Read more...Single Market Maze Contains Clues to Complex Brexit Puzzle
Brexit boosters have sidestepped the issue of reconstituting trading arrangements, a major lapse.
Read more...Bill Black: The CFPB Arbitration Rule is Pro (Honest) Businesses
The CFPB takes a modest but important step to rein in fraud against consumers, which has banks hoppin’ mad.
Read more...
